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In response to your final paragraph, I would note that reversion to the mean is a painful, painful thing. It's only a matter of time.
by regularfry 4y ago
In response to your final paragraph, I would note that reversion to the mean is a painful, painful thing. It's only a matter of time.
- jacquesm 4y agoIn response to that I would like to note that fish rots from the head. Have a look at the kind of people that run each of these companies and you'll find some remarkable differences.
- regularfry 4y agoToday, yes. At some point those people will rotate out.
- jacquesm 4y agoWell, given that eventually the Himalayas will be flat ground again, yes, sure. But for now those stand out and that sort of reasoning can be used to negate anything in the present. If anything I'd hope that it would inspire them to try really hard not to revert to the mean.
- regularfry 4y agoI don't think it negates the present, really. More a matter of making sure we recognise what we've got while we've got it.
- jacquesm 4y agoIf I look at those other companies roughly the same time after they were funded then I think that the only one that deserved the benefit of the doubt was Apple, and only because of Woz's influence. Which gives me some hope.